DBS Group Holdings (DBS)

Zest

DBS Securities (China) receives securities business license, to commence business operations in June

DBS Securities (China) will officially commence business operations on June 7.

Electric vehicles

AETOS and DBS to convert full fleet to EVs by 2026; launches Singapore’s first secure cash escort EV

Making the shift to EVs will reduce carbon dioxide emissions by up to 47kg per day.

Green loans

SK Telecom secures first sustainability-linked loan facility from DBS

The three-year loan facility of $238 million features interest rate discounts pegged to pre-determined ESG targets.
Do banks have a coherent money-making strategy when it comes to sustainability?  - THE EDGE SINGAPORE

Zest

Do banks have a coherent money-making strategy when it comes to sustainability?

Banks are assessing risks and opportunities of the impact of climate change on companies and economies.
CGS-CIMB keeps 'overweight' on Singapore banks with UOB being its sector pick - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB keeps 'overweight' on Singapore banks with UOB being its sector pick

The analysts have given target prices of $32.64, $13.75 and $28.84 on DBS, OCBC and UOB respectively.
UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore

Singapore Airlines (SIA) remains the brokerage’s key “sell” call as they see travel resuming only after 3QFY2021.
Following 1Q results, Medtecs CEO raises stake while DBS CEO trims his - THE EDGE SINGAPORE

Following 1Q results, Medtecs CEO raises stake while DBS CEO trims his

Following 1Q results, CEO Piyush Gupta trims his stake in DBS. Meanwhile, CEO William Yang raises stake in Medtecs International.

Corporate moves

Singapore's corporate sector and the country's future

What does the less than impressive performance of the locally-owned corporate sector imply for our economic prospects?
DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share - THE EDGE SINGAPORE

Results

DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share

It has been “an extraordinary quarter… as we fired on all cylinders,” says DBS CEO Piyush Gupta.
DBS, JP Morgan and Temasek to develop open industry platform to transform interbank value movements - THE EDGE SINGAPORE

Zest

DBS, JP Morgan and Temasek to develop open industry platform to transform interbank value movements

The efforts build on the trio’s past work as part of Project Ubin, an industry initiative by the MAS.
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